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World prepares for another taper tantrum

Test is whether developing nations have done enough to insulate their economies from a higher US$, capital flight

Published Mon, Apr 20, 2015 · 09:50 PM

London

THE world economy is about to discover if to be forewarned by the Federal Reserve is to be forearmed.

Two years after the Fed triggered a selloff of their assets in the so-called "taper tantrum", the finance chiefs of emerging markets left Washington meetings of the International Monetary Fund praising chair Janet Yellen for the way she is signalling plans to raise US interest rates.